Portugal's Banco de Investimentos Globais (BiG) has blocked fiat transfers to crypto platforms, complying with fresh EU regulations. This is a significant shift for Portugal, once a haven for crypto lovers. The move follows increased pressure from European authorities.

This regulatory clampdown is part of broader EU efforts to streamline crypto operations, ensuring compliance and financial stability.

Portugal's current actions mirror those of other EU nations tightening their crypto controls. The decision by BiG could signal a more cautious European approach to the rapidly evolving crypto space.